38.84 USD
-0.36 (-0.92%)
39 USD
+0.16 (+0.41%)
Overall BSY gets a fundamental rating of 5 out of 10. We evaluated BSY against 278 industry peers in the Software industry. BSY has an excellent profitability rating, but there are concerns on its financial health. BSY has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- BSY had positive earnings in the past year.
- In the past year BSY had a positive cash flow from operations.
- BSY had positive earnings in each of the past 5 years.
- Each year in the past 5 years BSY had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of BSY (7.77%) is better than 79.14% of its industry peers.
- BSY has a better Return On Equity (22.53%) than 88.85% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 10.86%, BSY belongs to the top of the industry, outperforming 86.69% of the companies in the same industry.
- BSY had an Average Return On Invested Capital over the past 3 years of 8.00%. This is below the industry average of 10.74%.
- The last Return On Invested Capital (10.86%) for BSY is above the 3 year average (8.00%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.77% | ||
| ROE | 22.53% | ||
| ROIC | 10.86% |
ROA(3y)7.42%
ROA(5y)7.4%
ROE(3y)30.01%
ROE(5y)29.96%
ROIC(3y)8%
ROIC(5y)10.54%
1.3 Margins
- With an excellent Profit Margin value of 18.44%, BSY belongs to the best of the industry, outperforming 80.94% of the companies in the same industry.
- In the last couple of years the Profit Margin of BSY has grown nicely.
- The Operating Margin of BSY (24.23%) is better than 89.57% of its industry peers.
- In the last couple of years the Operating Margin of BSY has grown nicely.
- With an excellent Gross Margin value of 81.20%, BSY belongs to the best of the industry, outperforming 85.25% of the companies in the same industry.
- BSY's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.23% | ||
| PM (TTM) | 18.44% | ||
| GM | 81.2% |
OM growth 3Y5.52%
OM growth 5Y3.69%
PM growth 3Y21.55%
PM growth 5Y4.39%
GM growth 3Y1.43%
GM growth 5Y0.13%
2. Health
2.1 Basic Checks
- BSY has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- The number of shares outstanding for BSY has been increased compared to 1 year ago.
- BSY has more shares outstanding than it did 5 years ago.
- BSY has a better debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 3.75 indicates that BSY is not in any danger for bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 3.75, BSY is in the better half of the industry, outperforming 67.99% of the companies in the same industry.
- BSY has a debt to FCF ratio of 2.71. This is a good value and a sign of high solvency as BSY would need 2.71 years to pay back of all of its debts.
- BSY's Debt to FCF ratio of 2.71 is fine compared to the rest of the industry. BSY outperforms 65.11% of its industry peers.
- A Debt/Equity ratio of 1.04 is on the high side and indicates that BSY has dependencies on debt financing.
- BSY has a Debt to Equity ratio of 1.04. This is in the lower half of the industry: BSY underperforms 78.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 2.71 | ||
| Altman-Z | 3.75 |
ROIC/WACC1.03
WACC10.59%
2.3 Liquidity
- A Current Ratio of 0.61 indicates that BSY may have some problems paying its short term obligations.
- With a Current ratio value of 0.61, BSY is not doing good in the industry: 91.37% of the companies in the same industry are doing better.
- A Quick Ratio of 0.61 indicates that BSY may have some problems paying its short term obligations.
- BSY has a worse Quick ratio (0.61) than 91.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
- BSY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.49%, which is quite good.
- BSY shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.41% yearly.
- BSY shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.12%.
- The Revenue has been growing by 12.93% on average over the past years. This is quite good.
EPS 1Y (TTM)8.49%
EPS 3Y8.4%
EPS 5Y12.41%
EPS Q2Q%12.5%
Revenue 1Y (TTM)11.12%
Revenue growth 3Y11.93%
Revenue growth 5Y12.93%
Sales Q2Q%12.05%
3.2 Future
- The Earnings Per Share is expected to grow by 14.45% on average over the next years. This is quite good.
- Based on estimates for the next years, BSY will show a quite strong growth in Revenue. The Revenue will grow by 9.22% on average per year.
EPS Next Y11.37%
EPS Next 2Y12.52%
EPS Next 3Y13%
EPS Next 5Y14.45%
Revenue Next Year10.24%
Revenue Next 2Y10.33%
Revenue Next 3Y10.33%
Revenue Next 5Y9.22%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 33.77, the valuation of BSY can be described as expensive.
- The rest of the industry has a similar Price/Earnings ratio as BSY.
- BSY is valuated rather expensively when we compare the Price/Earnings ratio to 27.21, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 28.67, the valuation of BSY can be described as expensive.
- Based on the Price/Forward Earnings ratio, BSY is valued a bit cheaper than 60.07% of the companies in the same industry.
- BSY is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 25.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.77 | ||
| Fwd PE | 28.67 |
4.2 Price Multiples
- BSY's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BSY is cheaper than 67.99% of the companies in the same industry.
- BSY's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BSY is cheaper than 72.30% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.62 | ||
| EV/EBITDA | 30.64 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BSY does not grow enough to justify the current Price/Earnings ratio.
- The excellent profitability rating of BSY may justify a higher PE ratio.
- A more expensive valuation may be justified as BSY's earnings are expected to grow with 13.00% in the coming years.
PEG (NY)2.97
PEG (5Y)2.72
EPS Next 2Y12.52%
EPS Next 3Y13%
5. Dividend
5.1 Amount
- With a yearly dividend of 0.71%, BSY is not a good candidate for dividend investing.
- In the last 3 months the price of BSY has falen by -24.92%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
- BSY's Dividend Yield is rather good when compared to the industry average which is at 0.54. BSY pays more dividend than 89.93% of the companies in the same industry.
- With a Dividend Yield of 0.71, BSY pays less dividend than the S&P500 average, which is at 1.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.71% |
5.2 History
- BSY has been paying a dividend for over 5 years, so it has already some track record.
- BSY has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years4
5.3 Sustainability
- BSY pays out 30.41% of its income as dividend. This is a sustainable payout ratio.
DP30.41%
EPS Next 2Y12.52%
EPS Next 3Y13%
BENTLEY SYSTEMS INC-CLASS B / BSY FAQ
Can you provide the ChartMill fundamental rating for BENTLEY SYSTEMS INC-CLASS B?
ChartMill assigns a fundamental rating of 5 / 10 to BSY.
Can you provide the valuation status for BENTLEY SYSTEMS INC-CLASS B?
ChartMill assigns a valuation rating of 4 / 10 to BENTLEY SYSTEMS INC-CLASS B (BSY). This can be considered as Fairly Valued.
Can you provide the profitability details for BENTLEY SYSTEMS INC-CLASS B?
BENTLEY SYSTEMS INC-CLASS B (BSY) has a profitability rating of 8 / 10.
What are the PE and PB ratios of BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
The Price/Earnings (PE) ratio for BENTLEY SYSTEMS INC-CLASS B (BSY) is 33.77 and the Price/Book (PB) ratio is 9.86.
What is the financial health of BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
The financial health rating of BENTLEY SYSTEMS INC-CLASS B (BSY) is 3 / 10.